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US Congress imposes new restrictions on aid to Pak
US Congress today passed a bill that sets tough new restrictions on military assistance to Pakistan and seeks determination from Obama administration that the fund will not be used to affect the "balance of power in the region".

Announcement of GST rollout date likely on Jan 8
The date for rolling out the Goods and Services Tax could be announced on January 8, the Chairman of the Empowered Committee on State Finance Ministers, Asim Dasgupta, said today.

News of the day

Vanita Kohli-Khandekar: Should media companies get into events?
The question the headline raises is being increasingly asked. Not because the trend is new, but because it is now more than eight years old. Across a range of segments from broadcasting (radio or TV), publishing or others, media companies that have got into the events business have seen somewhat disappointing results. The 4-10 per cent of topline brought in by the events doesn’t justify the effort put in by media companies. Think of it this way — selling a double-spread ad in a magazine or a half-page one in a newspaper gets better margins than the sponsorship for an event.
Management

Rs 1,000 cr to MSMEs to help face global competition

The Centre has earmarked Rs 1,000 crore under the National Manufacturing Competition Programme in the 11th Five-Year Plan to help micro, small and medium enterprises face global competition, Minister of State for MSMEs Dinsha J Patel said. - PM task force on MSMEs to conclude work on Saturday - Orissa to woo major players in food processing sector - SMEs listed on BSE see 11% fall in five years - Uttar Pradesh industry ready with 2010 wish-list - Silk exchange to come up in Varanasi - Better days ahead for MSME sector: industry surveys He was speaking after inaugurating the state"s first Common Facility Centre (CFC) of Virudhunagar Match Consortium at Periavallikulam village in the district last evening. He said six CFCs in the safety match cluster had been sanctioned under the Cluster Development Programme and would soon be set up at a cost of Rs 1.56 crore for each CFC. The Centre would contribute Rs 85.64 lakh for each project, he said.


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